Economic Theories
Most economic theories assume there is only one income stream to a household; this a useful simplification for modeling, but does not necessarily reflect reality. Many households now include multiple income-earning members.
Read more about this topic: Household
Famous quotes containing the words economic and/or theories:
“If in the earlier part of the century, middle-class children suffered from overattentive mothers, from being “mother’s only accomplishment,” today’s children may suffer from an underestimation of their needs. Our idea of what a child needs in each case reflects what parents need. The child’s needs are thus a cultural football in an economic and marital game.”
—Arlie Hochschild (20th century)
“It takes twenty or so years before a mother can know with any certainty how effective her theories have been—and even then there are surprises. The daily newspapers raise the most frightening questions of all for a mother of sons: Could my once sweet babes ever become violent men? Are my sons really who I think they are?”
—Mary Kay Blakely (20th century)